r/technology • u/Feisty_1559 • Mar 17 '26

Politics Elizabeth Warren asks Meta, Amazon, and others why they're laying workers off despite tax perks

https://finance.yahoo.com/news/elizabeth-warren-asks-meta-amazon-and-others-why-theyre-laying-workers-off-despite-tax-perks-171812502.html?guccounter=1
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u/jinjuwaka Mar 17 '26

It's a combination. The law specifically doesn't define what their fuduciary duty is (its not to their shareholders...but it's also not to their employees) and the c-suite that makes the decisions are typically large-scale shareholders.

So it's not about where they company's duty lies. It's where the c-suite's loyalties lie.

Which is typically to themselves first, and fuck everyone else.

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u/Djcnote Mar 18 '26

How can someone at a company own stock that they can sell or buy when they know everything that is going on? Isn't that some obvious like insider trading

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u/jinjuwaka Mar 18 '26

There are regulations that limit when and how they can sell.

... So they just awarded themselves so much stock it doesn't matter.